Two licensed producers are coming together in Canada’s latest cannabis industry merger.
Mississauga, Ontario-based The Green Organic Dutchman Holdings and Vancouver-headquartered BZAM Cannabis said Wednesday they entered into a binding agreement to combine their businesses.
ADVERTISEMENT
After the merger closes around Nov. 3, the new company would be the sixth-biggest licensed producer in Canada by sales, according to the companies.
Green Organic Dutchman CEO and interim Chief Financial Officer Sean Bovingdon told MJBizDaily the holding company will still be called The Green Organic Dutchman Holdings in the short term.
However, he said, “we have shareholder approval already to change the corporate holding company name and will look to do so after closing the transaction once we have completed our research and diligence on potential names.”
BZAM is privately owned by a sole shareholder; Green Organic Dutchman shares are traded as TGOD on the Canadian Securities Exchange.
The BZAM shareholder would own
Read full article on Marijuana Business Daily
